Deals Counterparts

Form Energy to supply iron-air batteries to Google and Xcel Energy

Supply Agreement Storage announced Pine Island, United States Feb 26, 2026
300 MW
Capacity

Form Energy will supply a 300 MW/30 GWh iron-air battery system to Google and Xcel Energy for a project in Pine Island, Minnesota.

Deal Analysis

Form Energy's agreement to supply a 300 MW/30 GWh iron-air battery system to Google and Xcel Energy in Pine Island, Minnesota, represents a significant step towards grid-scale energy storage solutions. This supply agreement underscores the growing demand for long-duration energy storage to support the integration of intermittent renewable energy sources. The project aims to provide a reliable and cost-effective alternative to traditional peaking power plants, enhancing grid stability and resilience. The collaboration between a technology innovator like Form Energy, a major utility like Xcel Energy, and a tech giant like Google highlights the diverse stakeholders driving the energy transition. The deployment of a 30 GWh storage system is particularly noteworthy, as it signifies a substantial commitment to multi-day energy storage capabilities. This deal could serve as a blueprint for future projects, demonstrating the viability of iron-air battery technology for large-scale energy storage applications.
  • 300 MW/30 GWh iron-air battery system is a large-scale deployment.
  • Involves key players: Form Energy (innovative storage provider), Xcel Energy (major utility), and Google (significant energy consumer).
  • Focus on long-duration storage addresses intermittency challenges of renewable energy.
  • Located in the United States, a key market for renewable energy and grid modernization.
Market Context: The energy storage market is experiencing rapid growth, driven by the increasing penetration of renewable energy sources and the need for grid flexibility. Long-duration energy storage technologies, like iron-air batteries, are gaining traction as they offer a cost-effective solution for storing energy for extended periods, addressing the intermittency of solar and wind power.

Source Intelligence

KEY DETAILS

The project will be combined with 1.6 GW of new wind and photovoltaic plants. "Google prevede di installare negli Stati Uniti un sistema di batterie al ferro-aria da 300 MW/30 GWh in Minnesota, nell’ambito di un accordo con Xcel Energy, abbinandolo a 1,6 GW di nuovi impianti eolici e fotovoltaici."

Capacity
Google ha raggiunto un accordo definitivo con Xcel Energy per realizzare un imponente sistema di batterie al ferro-aria da 300 MW/30 GWh a Pine Island, in Minnesota.
Location
Google ha raggiunto un accordo definitivo con Xcel Energy per realizzare un imponente sistema di batterie al ferro-aria da 300 MW/30 GWh a Pine Island, in Minnesota.
PPA Details
Solo il mese scorso, TotalEnergies ha firmato contratti di acquisto di energia solare (PPA) per 1 GW destinati ad alimentare i data center di Google in Texas.
Announcement
Febbraio 26, 2026
PARTIES MENTIONED IN SOURCE
G
Google buyer

"Google ha raggiunto un accordo definitivo con Xcel Energy per realizzare un imponente sistema di batterie al ferro-aria da 300 MW/30 GWh a Pine Island, in Minnesota."

X
Xcel Energy seller

"Google ha raggiunto un accordo definitivo con Xcel Energy per realizzare un imponente sistema di batterie al ferro-aria da 300 MW/30 GWh a Pine Island, in Minnesota."

F
Form Energy supplier

"Il progetto, basato sulla tecnologia di Form Energy, è destinato a diventare il più grande sistema di accumulo al mondo per capacità energetica annunciata"

T
TotalEnergies seller

"Solo il mese scorso, TotalEnergies ha firmato contratti di acquisto di energia solare (PPA) per 1 GW destinati ad alimentare i data center di Google in Texas."

high quality Enriched Feb 26, 2026

Timeline

Announced
Feb 26, 2026
Signed
Closed

Market Context

This deal is part of the Storage sector in United States.
111
Storage deals
569
deals in United States
1 of 105 Storage deals tracked this month · Updated daily

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